Alexandria Real Estate Equities (NYSE:ARE)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank of Canada in a report issued on Monday. They currently have a $135.00 price target on the real estate investment trust’s stock. Royal Bank of Canada’s price target points to a potential upside of 12.16% from the company’s previous close.

A number of other research firms also recently weighed in on ARE. Canaccord Genuity reissued a “buy” rating and set a $20.37 target price on shares of Alexandria Real Estate Equities in a report on Monday, December 11th. Bank of America raised Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 target price for the company in a report on Monday, December 4th. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $143.00 target price for the company in a report on Tuesday, January 23rd. Barclays lifted their target price on Alexandria Real Estate Equities from $132.00 to $133.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Finally, Mizuho reissued a “buy” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $105.67.

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Alexandria Real Estate Equities (NYSE:ARE) opened at $120.36 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.74. Alexandria Real Estate Equities has a 52-week low of $106.89 and a 52-week high of $134.37. The company has a market cap of $11,950.24, a price-to-earnings ratio of 76.66, a price-to-earnings-growth ratio of 2.67 and a beta of 0.79.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($1.16). Alexandria Real Estate Equities had a return on equity of 3.08% and a net margin of 14.77%. The company had revenue of $298.79 million for the quarter, compared to the consensus estimate of $293.63 million. During the same period last year, the firm earned $1.42 earnings per share. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. equities analysts predict that Alexandria Real Estate Equities will post 6.56 EPS for the current year.

In related news, CFO Dean A. Shigenaga sold 29,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $125.21, for a total value of $3,631,090.00. Following the completion of the transaction, the chief financial officer now owns 147,864 shares of the company’s stock, valued at $18,514,051.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Joel S. Marcus sold 30,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $125.37, for a total value of $3,761,100.00. Following the completion of the transaction, the chief executive officer now directly owns 671,358 shares of the company’s stock, valued at approximately $84,168,152.46. The disclosure for this sale can be found here. Insiders have sold 116,250 shares of company stock valued at $14,752,120 in the last three months. Insiders own 1.51% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ARE. BlackRock Inc. raised its stake in Alexandria Real Estate Equities by 9.3% in the fourth quarter. BlackRock Inc. now owns 10,163,374 shares of the real estate investment trust’s stock valued at $1,327,236,000 after purchasing an additional 867,397 shares in the last quarter. AMP Capital Investors Ltd raised its stake in Alexandria Real Estate Equities by 91.1% in the third quarter. AMP Capital Investors Ltd now owns 1,011,892 shares of the real estate investment trust’s stock valued at $120,385,000 after purchasing an additional 482,400 shares in the last quarter. Principal Financial Group Inc. raised its stake in Alexandria Real Estate Equities by 14.5% in the third quarter. Principal Financial Group Inc. now owns 3,475,698 shares of the real estate investment trust’s stock valued at $413,502,000 after purchasing an additional 440,716 shares in the last quarter. Cbre Clarion Securities LLC raised its stake in Alexandria Real Estate Equities by 16.3% in the fourth quarter. Cbre Clarion Securities LLC now owns 3,075,993 shares of the real estate investment trust’s stock valued at $401,694,000 after purchasing an additional 431,156 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Alexandria Real Estate Equities by 72.4% in the third quarter. Legal & General Group Plc now owns 744,212 shares of the real estate investment trust’s stock valued at $88,540,000 after purchasing an additional 312,446 shares in the last quarter. 96.28% of the stock is owned by institutional investors and hedge funds.

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Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.